231
231
Nov 19, 2012
11/12
by
CNBC
tv
eye 231
favorite 0
quote 0
economy plunges over the fiscal cliff. a new study from the global business travel association. >>> welcome back, everybody. these are your headlines from around the world today. stocks bouncing in europe, equity markets beginning the week in the green rallying by more than 1% in some places on hopes of a resolution on the fiscal cliff. barack obama praises myanmar's shift to democracy in a first ever trip by a serving u.s. president to the country. but he cautions that his trip shouldn't be seen as an endorsement of the country's government. and oil furthers hitting a two week high as international pressure mounts for a cease-fire this gaza. ban ki-moon is heading to cairo for emergency negotiations. if you're just tuning in, thank you very much for joining us. always good to have your company. i have seen all of your tweets. thank you very much. you can still continue to reach us at la w@louisabojesen. just checking in on the markets ahead of the u.s. market open, we're seeing an indication that we are set to bounce acro
economy plunges over the fiscal cliff. a new study from the global business travel association. >>> welcome back, everybody. these are your headlines from around the world today. stocks bouncing in europe, equity markets beginning the week in the green rallying by more than 1% in some places on hopes of a resolution on the fiscal cliff. barack obama praises myanmar's shift to democracy in a first ever trip by a serving u.s. president to the country. but he cautions that his trip...
144
144
Nov 30, 2012
11/12
by
CNBC
tv
eye 144
favorite 0
quote 0
a full fiscal cliff, a bunny slope or something in the middle, a fiscal slide. and i think that's where we're headed. we believe it will be in the neighborhood of 1.5% of gdp in fiscal adjustment and i think that's obviously better than the full lack of 4.5. and it's better than -- worse than something that wouldn't make too much difference. 1.5 will make an important difference still. >> and what's in that 1.5% in terms of tax hikes and spending cuts? >> probably are going to be a brunch of different things in it, but the main thing that will be close to 1% of u.s. gdp is the expiring of the payroll tax cut. both sides of the aisle agree on that. it will fall disproceportiona a on middle income households. >> and instead of the bush tax cuts for example which are a decade old, these were meant as very specific kind of post financial crisis stimulus. so they appear to be going away. but as you say, there will be a mathematical hit to gdp because of that. is the economy strong enough to handle that hit? >> well, we reckon the economy is probably growing somewhere
a full fiscal cliff, a bunny slope or something in the middle, a fiscal slide. and i think that's where we're headed. we believe it will be in the neighborhood of 1.5% of gdp in fiscal adjustment and i think that's obviously better than the full lack of 4.5. and it's better than -- worse than something that wouldn't make too much difference. 1.5 will make an important difference still. >> and what's in that 1.5% in terms of tax hikes and spending cuts? >> probably are going to be a...
250
250
Nov 13, 2012
11/12
by
CNBC
tv
eye 250
favorite 0
quote 0
cliff is because the fiscal cliff is not going to happen. okay? it just simply not going to happen. so to me, the focus ought to be on solvency and if we can deal with that and take a big step out of that, a big step toward solving that, during this december, i agree with you, i think the markets are going to take off and i think from an outside perspective, things are undervalued if we do that. >> standard & poor's says the u.s. will likely need a grand bargain to stabilize its credit rating. any broad deal should include revenue hikes and spending cuts to ensure it can stand up over the long term. and if the u.s. goes over the fiscal cliff, s&p says it won't necessarily lead to a ratings down graund. currently a aa plus with a negative outlook. tim stanley is back with us from oxford university with a particular interest in u.s. politics. tim welcome. the last time you were here we were talking about whether romney could pull off a win in the election. he quite clearly did not. what now as you sort of look at the aftermath of the election,
cliff is because the fiscal cliff is not going to happen. okay? it just simply not going to happen. so to me, the focus ought to be on solvency and if we can deal with that and take a big step out of that, a big step toward solving that, during this december, i agree with you, i think the markets are going to take off and i think from an outside perspective, things are undervalued if we do that. >> standard & poor's says the u.s. will likely need a grand bargain to stabilize its...
221
221
Nov 27, 2012
11/12
by
CNBC
tv
eye 221
favorite 0
quote 0
same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending than we might like. the problem with the u.s. is it gets into that ideological dispute over whether the way to do that should be by cutting spending and raising taxes. so there is an actual sort of fundamental disagreement that underpins this sense of knee jerk -- >> why have we had to do this? we've had to borrow money and cut people 00 taxes and spend more on social services because the underlying private sector economy completely ran out of steam. it ran out of steam because it needs the banking system to feed off. it needs access to trade credit, to business finance, e
same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending...
223
223
Dec 3, 2012
12/12
by
CNBC
tv
eye 223
favorite 0
quote 0
hits the fiscal cliff. both sides are blaming each other. timothy geithner pushing the gop to offer specific ideas and predicts they will eventually yield on raising tax rates on the wealthy. house speaker john boehner standing firm against higher taxes. sgr we' >> we've put a serious offer on the table by putting revenues up there. but the white house has responded with virtually nothing. >> why does it make sense for the country to force tax increases on all americans because of a small group of republicans won't extend tax rates for 2% of americans. there's no reason why that should happen. >> democratic strategy from bgr joining us. we'll always get a standoff at some point in these negotiations. is it a terminal standoff? when does somebody blink? >> it's not a matter of who will blink or not. i think that the republicans are trying to go tit for tat with the president. you have to realize that the president has the bully pulpit and the ability to command media. so the republicans feel the need to respond to every maneuver. i think fran
hits the fiscal cliff. both sides are blaming each other. timothy geithner pushing the gop to offer specific ideas and predicts they will eventually yield on raising tax rates on the wealthy. house speaker john boehner standing firm against higher taxes. sgr we' >> we've put a serious offer on the table by putting revenues up there. but the white house has responded with virtually nothing. >> why does it make sense for the country to force tax increases on all americans because of a...
318
318
Jul 27, 2012
07/12
by
CNBC
tv
eye 318
favorite 0
quote 0
economy will have to face this fiscal cliff in january. this of course in reference to when tax hikes and automatic spending cuts take effect if congress doesn't reach a new budget agreement. it's made many companies hold off on expansion and hiring. >> it's really not stopping us considerably from hiring or expanding, but i'm probably not going to make that next investment until i know what that's going to be and i'll probably look at what are 2013 performance is likely to be and be more cautious than optimistic, not on earnings as much as deployment of capital. >> i think we're on a collision course with time if the leadership in washington doesn't address the fiscal issues, and, in fact the consumer confidence that's being fractured across the country. >> a lot of concern there from business leaders and we heard greg talking about it. tuning the fiscal live is a significant factor here in the u.s. slow down? >> absolutely. what we're looking at is a u.s. economy and a world economy where the private-sector cannot carry the baton itself.
economy will have to face this fiscal cliff in january. this of course in reference to when tax hikes and automatic spending cuts take effect if congress doesn't reach a new budget agreement. it's made many companies hold off on expansion and hiring. >> it's really not stopping us considerably from hiring or expanding, but i'm probably not going to make that next investment until i know what that's going to be and i'll probably look at what are 2013 performance is likely to be and be more...
210
210
Nov 23, 2012
11/12
by
CNBC
tv
eye 210
favorite 0
quote 0
there is no fiscal cliff in europe. the the old budget will just continue ticking over until a new budget is agreed upon. and i think that will probably most likely happen well after christmas. probably going to have another budget at some time in january and then maybe, maybe we come to an agreement. >> like all of us, they'll be looking at their budgets after christmas. silvia, thanks very much for that. we'll catch you a little bit later. the mexican president calderon is trying to change mexico's name it mexico. the country's official name is united states of mexico. mexicans took to twitter for mock the maim change, many not seeing it as serious. we'd like to know what country's name would you change and to what. join the conversation. worldwide@cnbc.com, @cnbcwex, at ross westgate. >>> and planning major protests today. we'll be outside a walmart story near washington, d.c. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is
there is no fiscal cliff in europe. the the old budget will just continue ticking over until a new budget is agreed upon. and i think that will probably most likely happen well after christmas. probably going to have another budget at some time in january and then maybe, maybe we come to an agreement. >> like all of us, they'll be looking at their budgets after christmas. silvia, thanks very much for that. we'll catch you a little bit later. the mexican president calderon is trying to...
251
251
Oct 9, 2012
10/12
by
CNBC
tv
eye 251
favorite 0
quote 0
fiscal cliff is one of the top issues. here onset with us is chris whatley from long view economics. welcome. do you agree with the imf this is something everyone should be worried about? >> absolutely. there is a lot of risk in the global economy at the moment and fiscal cliff is clearly one. but in some shape or some form depending on the outcome of the election, there will be some fiscal timing into the states next year. china is disappointing, euro remains in recession and the industrial side of the states is in a recession, as well. so it's will that as if the major regions of the world, the u.s. consumer is the only thing surprising to the up side. >> so what measures in particular do you expect to go away at the end of the year and what impact will that have on consumers? >> it's difficult to know the three elements of the fiscal cliff package which will remain, which will come into play straight away. and it will fend i think upon the way the house, the senate and the presidential election turns out. whether we see
fiscal cliff is one of the top issues. here onset with us is chris whatley from long view economics. welcome. do you agree with the imf this is something everyone should be worried about? >> absolutely. there is a lot of risk in the global economy at the moment and fiscal cliff is clearly one. but in some shape or some form depending on the outcome of the election, there will be some fiscal timing into the states next year. china is disappointing, euro remains in recession and the...
225
225
Nov 21, 2012
11/12
by
CNBC
tv
eye 225
favorite 0
quote 0
go over the fiscal cliff. in fact, ultimately, because of what the fed has done, we're going to have to go over a much bigger cliff as part of the solution to solve the problems that the fed helped create by allowing the government to get so big. >> is that fair, craig? >> it certainly is fair that long-term, what we've done with monetary policy could be a challenge. it could be a very big challenge. i don't think saying that if we -- if the fed hadn't done what they'd done, you wouldn't have to go off the cliff. i think you still have to deal with the fact that government spending has been too fast over the past -- well, since the recession ended. our gdp has grown at a rate of around 900 billion, while debt has grown at 1.7 trillion on an annualized basis. so at the end of the day, you have to deal with that. we've been living beyond our means as a country for too long and at some point, you have to pay a price for that. >> where does that leave you with your view of bonds? i mean, a lot of people -- you tal
go over the fiscal cliff. in fact, ultimately, because of what the fed has done, we're going to have to go over a much bigger cliff as part of the solution to solve the problems that the fed helped create by allowing the government to get so big. >> is that fair, craig? >> it certainly is fair that long-term, what we've done with monetary policy could be a challenge. it could be a very big challenge. i don't think saying that if we -- if the fed hadn't done what they'd done, you...
206
206
May 22, 2012
05/12
by
CNBC
tv
eye 206
favorite 0
quote 0
i don't want so-to-have the same question from my son coming up when he says we saw that fiscal cliff coming, why did we walk over it that cliff. that's really where we're headed. and the real i think shame in all this is that there is an answer. and you can hear all the political rhetoric on both sides of the aisle, but we have the simpson-bowles plan that's out there and that should be a starting point and it should have been a starting point last year for negotiations. but what we're it talking about here is doing a massive restructuring in the juunited states on the entitlement programs, on the balance sheet, but it's something that we have. it's a plan that we have that's in front of us that we can negotiate and both sides should be able to come together, but we're headed down towards an election, nothing will happen until november. the hope is that we can have a plan in place so that something miraculous can happen and our political leaders could get together and put us on a path where -- >> i don't know, just on that, obviously nothing will happen until you're the election, but
i don't want so-to-have the same question from my son coming up when he says we saw that fiscal cliff coming, why did we walk over it that cliff. that's really where we're headed. and the real i think shame in all this is that there is an answer. and you can hear all the political rhetoric on both sides of the aisle, but we have the simpson-bowles plan that's out there and that should be a starting point and it should have been a starting point last year for negotiations. but what we're it...
170
170
Nov 20, 2012
11/12
by
CNBC
tv
eye 170
favorite 0
quote 0
the latest from tel aviv from chapman bell. >>> now, fiscal cliff drama in washington has thrust america's wealth gap into the spotlight as politicians debate whether to raise taxes for the country's top earners. according to our next guest, america's so-called rich are not created equally. she says a trance global qulas are getting wealthier at break neck speed. in this new breed of super rich, how many are american? because you being of the -- >> they are global. and i really enjoyed robert's report about the russians coming into miami. that really sort of tells the story that i tell in my book. with a we're seeing is this emergence of a trance global wealthy super elite. they have more in common with each other than they do with the folks back home. and home really is becoming a hard to define concept for they will. you have a $50 million place in miami and probably you read into a place this london if you're serious, maybe a place in silicon valley. the americans are still the single biggest group. the wealth managers who study the super rich, they're among the best anthropologists. th
the latest from tel aviv from chapman bell. >>> now, fiscal cliff drama in washington has thrust america's wealth gap into the spotlight as politicians debate whether to raise taxes for the country's top earners. according to our next guest, america's so-called rich are not created equally. she says a trance global qulas are getting wealthier at break neck speed. in this new breed of super rich, how many are american? because you being of the -- >> they are global. and i really...
373
373
May 30, 2012
05/12
by
CNBC
tv
eye 373
favorite 0
quote 0
to the fiscal cliff? >> yeah. i think this is going to be something that comes in to increasing focus in the second half of the year once we get beyond the political convention season. i think economic activity is going to grind to a halt in essence as businesses and consumers postpone big decision-making. you know, we're going to find out about housing later on this morning. that's going to be put on hold to some extent in the second half of the year because of this fiscal cliff. what i expect to happen is these things will all be postponed during the lame duck conference and buy ourselves maybe six months of time on the political calendar to get something done in a more meaningful way. i don't expect that on january 2nd we're going fall off the fiscal cliff but it's out there. we have a little window of opportunity. >> david, real quick. the drop in oil prices, does that make you any more positive about consumer stocks? >> it does. clearly it helps, although we seen some mixed messages. down yesterday from the c
to the fiscal cliff? >> yeah. i think this is going to be something that comes in to increasing focus in the second half of the year once we get beyond the political convention season. i think economic activity is going to grind to a halt in essence as businesses and consumers postpone big decision-making. you know, we're going to find out about housing later on this morning. that's going to be put on hold to some extent in the second half of the year because of this fiscal cliff. what i...
175
175
Jul 24, 2012
07/12
by
CNBC
tv
eye 175
favorite 0
quote 0
we face this it issue, which is the fiscal cliff at the end of the year. being hamstrung by coming to an agreement to raise the debt ceiling, how do you take that into consideration and figure out whether you want to bet on u.s. growth at the moment? >> coming in a a slightly different angle. the ceo of honeywell said last week this is desperately needed to be tackled. you have a big company, the biggest uncertainty for him is this issue of the fiscal cliff. it's not just saying we'll increase the ceiling and tackle it in ten months time. if we don't do it now, the long term trajectory is worse looking five, seven years out. to me, you know, there's no easy solution out of this or no pain-free solution. either they tackle the problem now a accept that will impinge on growth, or they do nothing and get away with it like last year and have a bigger fiscal cliff down the road. >> is uncertainty now inhibiting investment now? >> sure. i think it's no question inhibiting investment. what we see across -- you see corporations sitting on hoards of cash because th
we face this it issue, which is the fiscal cliff at the end of the year. being hamstrung by coming to an agreement to raise the debt ceiling, how do you take that into consideration and figure out whether you want to bet on u.s. growth at the moment? >> coming in a a slightly different angle. the ceo of honeywell said last week this is desperately needed to be tackled. you have a big company, the biggest uncertainty for him is this issue of the fiscal cliff. it's not just saying we'll...
254
254
May 16, 2012
05/12
by
CNBC
tv
eye 254
favorite 0
quote 0
cliff. that refers to the $600 billion in tax breaks including the tax cuts and unemployment benefits at the end of the year. joining us as guest host for the next hour is horace owe va lars. do you think that berkshire has made some bets that, you know, you would want to follow?io va . do you think that berkshire has made some bets that, you know, you would want to follow?leiras. do you think that berkshire has made some bets that, you know, you would want to follow? >> our time frame is about a year. to think in his terms is something that we don't normally do, but we always pay attention to what he's doing or what they're doing. it's always interesting. what will be more interesting is how and if the company changes as they transition to a new management over the next few years. >> horacio, let's talk about this fiscal cliff in the u.s. how concerned are you about this impacting the shares and performance over the next couple of months. >> you know, kelly, i think it's fascinating subject
cliff. that refers to the $600 billion in tax breaks including the tax cuts and unemployment benefits at the end of the year. joining us as guest host for the next hour is horace owe va lars. do you think that berkshire has made some bets that, you know, you would want to follow?io va . do you think that berkshire has made some bets that, you know, you would want to follow?leiras. do you think that berkshire has made some bets that, you know, you would want to follow? >> our time frame is...
233
233
Aug 20, 2012
08/12
by
CNBC
tv
eye 233
favorite 0
quote 1
i imagine some of the more supportive growth figures of late have helped although the fiscal cliff remains out there? >> we'll see that deferred. what's happened is a whole new tone to the market ever since the ryan vice presidential nomination i guess was brought to the forefront it's added a whole new tone to the republican campaign which really seems to have some support and footing for the overall market. >> wait a minute, jack. are you suggests that paul ryan pick is responsible for this market rally? the greater likelihood of a deficit focused republican administration would mean a greater risk to fiscal contraction going forward? >> absolutely not. the ryan/romney ticket is the reason you're seeing multiples expanding right now even with earnings staying where they are at. remember you're talking about a market that is making twice as much as it was a decade ago, exactly where it as far as the index goes. depressed multiple, it's the multiples that expand and this ryan nomination has helped it along. >> jack, the ryan nomination, if markets like growth i don't understand how the rya
i imagine some of the more supportive growth figures of late have helped although the fiscal cliff remains out there? >> we'll see that deferred. what's happened is a whole new tone to the market ever since the ryan vice presidential nomination i guess was brought to the forefront it's added a whole new tone to the republican campaign which really seems to have some support and footing for the overall market. >> wait a minute, jack. are you suggests that paul ryan pick is...
215
215
Sep 24, 2012
09/12
by
CNBC
tv
eye 215
favorite 0
quote 0
so that's the election, fiscal cliff, china's results right now are very woeful. and any bumps and grinds that come out of the mideast or europe will give us an opportunity. >> the tail winds that we've d had, do you think they're all in the price then? >> i think they are, but here's the difference i think with qe open-ended. all the other had been finite. with them having an open-ended reign, i think we can make the connection from asset prices going up to confidence both consumer and corporate and give time such that summers will spend, companies can spend, they can hire. and i think that's been the missing equation. >> some are pointing to how precious metals have behaved saying you've got unthe run up, not necessarily in the base metals. to you is there a legitimate point or does that point more to weakness than strength? >> i think the run up in precious is related to qe open-ended. and whenever there are negative real interest rates, gold has the propensity to go up. on the base metal, we're not getting any traction right away, but we're hoping the pboc com
so that's the election, fiscal cliff, china's results right now are very woeful. and any bumps and grinds that come out of the mideast or europe will give us an opportunity. >> the tail winds that we've d had, do you think they're all in the price then? >> i think they are, but here's the difference i think with qe open-ended. all the other had been finite. with them having an open-ended reign, i think we can make the connection from asset prices going up to confidence both consumer...
178
178
Jun 18, 2012
06/12
by
CNBC
tv
eye 178
favorite 0
quote 0
fiscal cliff will be resolved in a fairly responsible way and you got what's happening in europe. time horizon is very critical. if you're shorter term, higher twist portfolio, if you're a trader things become different. as you move 12, 18 months out look at this as probably an opportunity in a globally balanced portfolio. globally diversified multistrategies which can subordinate this volatility. pick better stocks. looking in great companies in europe. well run companies in the united states. global bond portfolios looking at great corporations. you got to beat inflation and what you're looking at in bonds in the united states will not do that. so you got to look at your discipline, strategic allocation and buy earth securities if you have a longer time horizon. >> all right. thank you very much. >> let's take a quick look on what's on the agenda in the united states. >> today we get the national association of home builders. tomorrow may housing starts. on wednesday decision due at 2:15. and thursday jobless claims, existing home sales and felly fed survey. >> there's a ton goi
fiscal cliff will be resolved in a fairly responsible way and you got what's happening in europe. time horizon is very critical. if you're shorter term, higher twist portfolio, if you're a trader things become different. as you move 12, 18 months out look at this as probably an opportunity in a globally balanced portfolio. globally diversified multistrategies which can subordinate this volatility. pick better stocks. looking in great companies in europe. well run companies in the united states....
172
172
May 24, 2012
05/12
by
CNBC
tv
eye 172
favorite 0
quote 0
good and we have 20 days to solve our problems in the country for the fiscal cliff to happen. one big point, i think the can will be kicked down the road until march anden investors in the states will not now what's going to happen until congress decides they'll have their own bomb go off before they do some level of reform. >> all right. good to have you on today. and still to come, deutsche confirming 2015 of at least 1 billion. reaffirming their star gets this morning. coming up, i've been speak xg speaking exclusively to the ceo. and in a note sent to clientses, cd group sees the new greek currency dropping by 60% against the euro and probability of that happening between 50% and 75%. and this will comes after heads of state meetings in brussels urged greece to stay in the eurozone. reports suggest it that putting in place contingency plans for possible epic, topic of euro bonds also a key sticking point. >> translator: treaties don't plan for any country being libel for another's debts. we think this it applieses to euro bonds, as well. i also do in the believe they are m
good and we have 20 days to solve our problems in the country for the fiscal cliff to happen. one big point, i think the can will be kicked down the road until march anden investors in the states will not now what's going to happen until congress decides they'll have their own bomb go off before they do some level of reform. >> all right. good to have you on today. and still to come, deutsche confirming 2015 of at least 1 billion. reaffirming their star gets this morning. coming up, i've...
195
195
May 15, 2012
05/12
by
CNBC
tv
eye 195
favorite 0
quote 0
. >> and the fiscal cliff in the u.s. is a big concern on investors mind. you're a democrat. i assume would like to see president obama reelected. what measures would you support to avoid that cliff or do you think it's time to let the bush tax cuts sunset? >> i think there's a pretty good model out there. i think the simpson-bowles actually laid out a number of pretty good arguments. and when you get people on both sides, extremes of both sides, a handful of people being able to agree to that is correct i think that's something we'll have to come back to. there is no question a lot of -- there will have to be a lot of give on all sides. so we do have major you issues, but we have to remember we do have to deal with the debt, and we've also got to make sure that we're doing something about jobs in the meantime. it's a pretty tough balance, but one that we'll have to figure out. >> all right, governor markell, we appreciate you getting up to join us. simpson-bowles i expect will be two names that people around the world will need to know. >> absolutely. and some of the other s
. >> and the fiscal cliff in the u.s. is a big concern on investors mind. you're a democrat. i assume would like to see president obama reelected. what measures would you support to avoid that cliff or do you think it's time to let the bush tax cuts sunset? >> i think there's a pretty good model out there. i think the simpson-bowles actually laid out a number of pretty good arguments. and when you get people on both sides, extremes of both sides, a handful of people being able to...
242
242
Oct 8, 2012
10/12
by
CNBC
tv
eye 242
favorite 0
quote 0
cliff. it seems people have dismissed this as a one off, but you have to take encouragement, but you want to see a trend. it's not about one number. one number can't dictate which way we'll go in the longer term. >> all right, lena, we'll let you go before david sticks around. thank you. >>> surprise, surprise, we have a strike in france in centering. trade energy sector to hold 24 hour strike in the energy sector from 19:00. 21:00 cet. >>> coming up next, bae major shareholder throws something in the works. we'll have the details. >>> world bank has slashed its growth outlook for china and developing asia. the british chancellor has told cnbc the uk is getting it it right when it comes to tackling debt and will announce more spending cuts within the hour. plus the b chlt e aae and eads on on a knife edge. bigger shareholder opposes the deal. and we'll talk about that now. bae biggest shareholder invesco has said it has significant reservations about a tie up with the eads. it cited concerns
cliff. it seems people have dismissed this as a one off, but you have to take encouragement, but you want to see a trend. it's not about one number. one number can't dictate which way we'll go in the longer term. >> all right, lena, we'll let you go before david sticks around. thank you. >>> surprise, surprise, we have a strike in france in centering. trade energy sector to hold 24 hour strike in the energy sector from 19:00. 21:00 cet. >>> coming up next, bae major...
192
192
Jul 26, 2012
07/12
by
CNBC
tv
eye 192
favorite 0
quote 0
there's the threat of qe3 at some point in the future and obviously the fiscal cliff, et cetera to come up later this year. but i think the u.s. economy is weak. and the growth has been only a nominal growth, been sort of inflation based. the likelihood is we'll see yields going down. i think 1%, may be too far to go. but towards 1% is more likely than towards 2% in the coming months. >> anything next week from the fed yes or no? >> no. i don't think it's the right time for anything. i think they are constrained in what they can do anyway and they are relying on twist for now. >> okay. >> i think it's probably from the fed. >> steve good to say. thanks for joining us. still plenty more to come on today's "worldwide exchange." we'll continue the too big to fail debate and latest from spain and preview earnings numbers due from exxonmobil. >> take a quick look at how futures are trading this ahead of the open. red arrows across the board. we'll keep an eye on that and we'll be right back. > >>> welcome back to "worldwide exchange." i'm kelly evans. . >> i'm ross westgate. these are your h
there's the threat of qe3 at some point in the future and obviously the fiscal cliff, et cetera to come up later this year. but i think the u.s. economy is weak. and the growth has been only a nominal growth, been sort of inflation based. the likelihood is we'll see yields going down. i think 1%, may be too far to go. but towards 1% is more likely than towards 2% in the coming months. >> anything next week from the fed yes or no? >> no. i don't think it's the right time for...
226
226
Aug 24, 2012
08/12
by
CNBC
tv
eye 226
favorite 0
quote 0
the nation's with the world's biggest debt burden is inches to its own version of fiscal cliff. legislation is languaishing. >>> and the u.s. may be eyeing some kind of a return to a gold standard. the "financial times" suggested republican party will call for a creation of a commission to explore restoring the link of gold between the dollar. congresswoman marsha blackburn who co-chairs the platform committee said this is not an indication to replicate libertarian ron paul. what do you think? a gold standard would force an end to wasteful spending otherwise the u.s. will lose its reserve currency status. we would like to know what do you think of this plan? is it a good idea? is it even feasible at all or would you want to link to it a commodity. if you do join the conversation here on "worldwide exchange". get in touch with us, e-mail worldwide@cnbc.com or by twitter at cnbcwex.com or, indeed you can come direct to me @rosswestga @rosswestgate. u.s. markets, ftse 100 is now flat. central dax down .1%. cac down .2%. ibex down a third. spanish yields have fallen a little bit tod
the nation's with the world's biggest debt burden is inches to its own version of fiscal cliff. legislation is languaishing. >>> and the u.s. may be eyeing some kind of a return to a gold standard. the "financial times" suggested republican party will call for a creation of a commission to explore restoring the link of gold between the dollar. congresswoman marsha blackburn who co-chairs the platform committee said this is not an indication to replicate libertarian ron paul....
223
223
Mar 8, 2012
03/12
by
CNBC
tv
eye 223
favorite 0
quote 0
bernanke has gone about this fiscal cliff at the end of next year, are tax cuts, spending cuts coming in and the medicare taxes kick in as well. that's a big shock. how do they navigate that? >> it depends whether some of these things will be extended or not, potentially could amount to around 1% of gdp through fiscal consolidation for next year. the u.s. hasn't really had to confront that. there's a misscal consolidation that went on last year. i think the u.s. economy can weather that provided the unemployment rate keeps trending lower here. but if you look at a chart of u.s. unemployment and you look at how it's come down, okay, it's very, very high admittedly. more rapidly, in fact, than the previous two cycles. anytime i think that will be helping to support consumer spending power. >> julian, good to have you today. julian callow of barclays capital. it's time for jackie to arrive for the next hour of the program. good morning, jackie. what's coming up? is>>> good morning, guys. great to see you, too. well, it seems there's no stopping carlos slim when it comes to wealth, topped
bernanke has gone about this fiscal cliff at the end of next year, are tax cuts, spending cuts coming in and the medicare taxes kick in as well. that's a big shock. how do they navigate that? >> it depends whether some of these things will be extended or not, potentially could amount to around 1% of gdp through fiscal consolidation for next year. the u.s. hasn't really had to confront that. there's a misscal consolidation that went on last year. i think the u.s. economy can weather that...
291
291
Jun 27, 2012
06/12
by
CNBC
tv
eye 291
favorite 0
quote 0
cliff here in the united states. if all those things or some of those things are going to happen, what am i supposed to do about it as an investor? chain my portfolio allocation, rebalance? how am i supposed to go about redoing these things. >> muni issuance has been stronger than expected this year. it would imply there's a lot more demand for this kind of debt than people expected given the high profile concerns about it. >> yeah, there is a lot of demand. i think people are running for safety. when it comes to anything that's government-backed, if uts muni bonds or treasuries, people are running to that safety. that may not be the best strategy, considering where the debts are at the government level, the corporations are in better shape than the government is today. most of the american fortune 500 companies are doing quite well, producing a lot of profits and have a lot of cash on their balance sheets. they've never been stronger. you know, people are kind of running in the wrong direction a little bit right now
cliff here in the united states. if all those things or some of those things are going to happen, what am i supposed to do about it as an investor? chain my portfolio allocation, rebalance? how am i supposed to go about redoing these things. >> muni issuance has been stronger than expected this year. it would imply there's a lot more demand for this kind of debt than people expected given the high profile concerns about it. >> yeah, there is a lot of demand. i think people are...
240
240
Jul 25, 2012
07/12
by
CNBC
tv
eye 240
favorite 0
quote 0
number five fiscal cliff. yeah. we're doing it. patrick, stick around. more to come on "worldwide exchange." we'll go to brussels as officials try to clamp down on market manipulation. apple analyst who has a $1,111 rating on -- what, he couldn't make it 1110? >> we'll have to ask him. > >>> welcome back to "worldwide exchange" this morning. i'm kelly evans. >> i'm ross westgate. here are the headlines from around the world. >>> germany's business sentiment falls to the lowest level in over two years as the ifo institute warns europe's debt crisis is increasingly weighing on the german economy. >>> britain's no stranger to the crisis. gdp falls much more than expected in the second quarter, down 0.7%, pushing to two-week low. >>> answering the call. reports say the fed may be closer to taking new action to try to spur the sluggish u.s. economy. >>> apple misses wall street forecasts as analysts say consumers are holding out for number five. >>> thanks for joining us this morning. as we get closer to u.s. trading session, let's look at how futures are poi
number five fiscal cliff. yeah. we're doing it. patrick, stick around. more to come on "worldwide exchange." we'll go to brussels as officials try to clamp down on market manipulation. apple analyst who has a $1,111 rating on -- what, he couldn't make it 1110? >> we'll have to ask him. > >>> welcome back to "worldwide exchange" this morning. i'm kelly evans. >> i'm ross westgate. here are the headlines from around the world. >>> germany's...